The global fertilizer industry

Chemical or mineral fertilizers are widely used to increase soil fertility. In general, the fertilizer market consists of three important primary elements that play the most important role in the growth of plants. These three elements are nitrogen, phosphorus and potassium

Nitrogen is the most important element, which includes about 56% of the global consumption of nutrients.

Wesfarmers and Nutriens are among the most important companies in the fertilizer industry, whose income is estimated at 37 and 31 billion dollars.

Economy and population growth are the biggest drivers of increasing fertilizer consumption. It is expected that in the coming years, the demand for fertilizers in mature markets such as Europe and North America will remain relatively stable. Meanwhile, Latin America and Asia are expected to grow the global demand for fertilizers.